Multiple Choice
Why don't all companies use the same depreciation method?
A) US income tax regulations require that a company use the same depreciation method for both financial reporting and income taxes.
B) Different depreciation methods might better reflect the pattern in which assets' economic benefits are used.
C) All companies do use the same depreciation method.
D) Only large companies are allowed to use some of the more complicated depreciation methods.
Correct Answer:
Verified
Correct Answer:
Verified
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